Global Plant-Based Food Market to Reach $103.56 Billion by 2027 from $39.42 Billion in 2021


The “Global Plant-Based Food Market: Analysis By Type (Dairy, Meat, Egg, and Others), By Distribution Channel (Supermarkets & Hypermarkets, Online, Convenience Stores, and Other Store-Based), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027″ report has been added to’s offering.

In 2021, the global plant-based food market was valued at US$39.42 billion and is anticipated to grow to US$103.56 billion by 2027. Plant-based food refers to a wide range of food products derived from natural plant ingredients. Plant-based food items have long been known for their importance in vital nutrition and human health. These products are typically prepared from fruits, vegetables, nuts, oils, whole grains, and legumes, with no animal ingredients. A plant-based diet has less cholesterol and saturated fat, is an excellent source of the vitamins B1, C, and E, folic acid, magnesium, and iron, and may help lower the risk of having certain types of cancer, diabetes, obesity, high blood pressure, heart disease, and metabolic disorders.

Food manufacturers ranging from startups to leading CPG companies are innovating rapidly in the plant-based food market. Next-generation plant-based meat, eggs, and dairy products are increasingly competitive with animal products on taste, price, and accessibility. Some of the major reasons why consumers are shifting their preference towards plant-based foods are the fear of an increase in animal-borne diseases, rising health concerns, and demand for clean-label products & natural products. The plant-based food market is expected to grow at a CAGR of 17.52% over the forecast period of 2022-2027.

Market Segmentation Analysis:

  • By Type: The report provides the bifurcation of the plant-based food market into four segments based on type: Dairy, Meat, Egg, and Others. In 2021, the dairy segment lead the plant-based food market, accounting for more than 60% share of the market, owing to the increase in occurrences of milk allergies and lactose intolerance cases.
  • Furthermore, the milk section of the plant-based dairy industry is divided into four product segments: almond, soy, rice, and others. And, the plant-based meat market is classified into six segments based on product: burgers, sausages, crumbles, nuggets, meatballs, and others.
  • By Distribution Channel: In the report, the global plant-based food market is divided into four segments based on the distribution channel: Supermarkets & Hypermarkets, Online, Convenience Stores, and Other store-based. Supermarkets & Hypermarkets dominated the market in 2021 with almost 46% share of the global market. The online segment is expected to grow at the highest CAGR during the forecast period since it saves time for both buyers and retailers while also providing a high level of comfort to consumers, as they don’t have to bear the hassles of traffic or getting ready while shopping online.
  • By Region: The global plant-based food market can be divided into four regions: Asia PacificNorth AmericaEurope, and the Rest of the World. The Asia Pacific dominated the market in 2021 with more than 40% share of the global market. The increased use of innovative technologies for product innovation, partnerships between domestic and international food companies, and rising government R&D expenditures in the food sector are the key factors driving the Asia Pacific plant-based food market.

Market Dynamics

Growth Drivers

  • Rapid Urbanization
  • Growing Vegan Population
  • Growing Grocery E-commerce Sales
  • Favorable Government Initiatives
  • Increase in Diabetic Patients
  • Increase in Plant-Based Food Investments
  • Emergence of Flexitarians
  • Growing Environmental Concerns
  • A rise in the Number of Lactose-Intolerant People


  • Comparatively Higher Price Range
  • Significant Preference for Animal Based Products

Market Trends

  • Increasing Usage of Artificial Intelligence (AI)
  • The rise in Social Media Marketing
  • Rising Popularity of Plant-Based Meat and Seafood
  • The emergence of 3D Printing Plant-Based Meat
  • Increased Focus on Taste & Texture of Plant-Based Food
  • Increased Raw Material Diversity & Category Expansion

The key players in the global plant-based food market are

  • Nestle S.A.
  • Archer Daniel’s Midland Company
  • Beyond Meat Inc.
  • Danone S.A.
  • Unilever PLC
  • The Hain Celestial Group, Inc.
  • Conagra Brands (Garden Protein International Inc.)
  • Otsuka Holdings (Daiya Foods Inc.)
  • Impossible Foods Inc.
  • Atlantic Natural Foods LLC
  • Plamil Foods Ltd.
  • Tofutti Brands, Inc.
  • Eden Foods, Inc.
  • Amy’s Kitchen Inc.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis

4. Regional Market Analysis

5. Impact Of COVID-19

6. Market Dynamics

7. Competitive Landscape

8. Company Profiles

For more information about this report visit

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll-Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside the U.S.): +353-1-481-1716





SOURCE: Research and Markets

I want to grow my online platform to create awareness about ethical consumerism, environmentalism, and the plant-based lifestyle. My main mission is to share information that empowers people to make better choices and create a VEG NEW WORLD :)

Your support is vital and is helping me share the collected information with thousands of readers and viewers. I try to deliver exclusive stories and relevant content in a challenging commercial environment. Your contribution helps me to cover the costs that my service requires. Please consider contributing (no matter how small) to keep the information flowing so you can remain informed and have life changing interviews and stories to share.

Related articles

Paving the Way for a Vegan Europe: The Plant-Based Manifesto and Its Vision for 2050

  The European Vegetarian Union (EVU) has launched a groundbreaking...

Vegan Triathlete Claims Continental Title

  Charm McShane Triumphs in Oceania Triathlon Sprint The first part...

Introducing: “Gundry MD Phyto Collagen Complex” by Dr. Steven Gundry

  Featuring a Strength Boosting Vegan Collagen Supporter Dietary Supplement Gundry...
Betty Tűndik
Betty Tűndik
Hi everyone! Nice to e-meet you! Here are a few things you should know about me. I am a conscientious, open-minded, adaptable to new experiences, and ambitious Business Development Manager with a Bachelor's Degree in Economics - Banking, Finance, and Accountancy. Through my studies, I've also obtained many naturopathic and nutrition degrees as well. Part-time jobs have ad